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VAT - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Recovery of sales tax dues - Attachment of mortgaged properties ...


Court Rules Bank Holds First Priority Over Secured Assets u/s 48 of VAT Act, 2003.

September 25, 2019

Case Laws     VAT and Sales Tax     HC

Recovery of sales tax dues - Attachment of mortgaged properties - first charge of the Bank or not - the first priority over the secured assets shall be of the Bank and not of the State Government by virtue of Section 48 of the VAT Act, 2003. - HC

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